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David Taran

Real Estate Professional & Perpetual Optimist

About David

David Taran is a firm believer in pursuing a diverse and balanced life. David is a licensed real estate broker in the state of California and a practicing lawyer for California, New York, Florida, and Quebec. As the co-founder of Sunstar Capital, David brings more than 26 years of experience that includes many different aspects of the investment process including negotiation, acquisition, finances, development, redevelopment, construction, and investment and property management.

Sunstar Capital is a recently launched commercial real estate company focused on high-growth markets in the Western United States. The venture utilizes the merging of several seasoned professionals, including co-founder, Mark Skeen.


Prior to his work at Sunstar, David was the founder of Divco West Properties, and also worked as a managing partner at his family’s manufacturing and retailing business. This venture, which operated on a global scale, gave him a perfect place to hone his diverse skill set that he continues to use today. As a partner, he worked on capital investments, strategic and financial planning, sales, real estate acquisitions, real estate negotiation, and currency trading and management.

David Taran also worked as a practicing attorney at Graham & James in Los Angeles. There, he specialized in Tax, Corporate, and Real Estate law. David holds a DEC degree from McGill University, an L.L.L degree from the University of Ottawa, a J.D. degree from Columbia University, and a Masters in Tax Law from New York University.

Throughout the span of his career, David has acquired $2.3 billion in real estate, which includes over 700 acres of land, 1,800 multi-family residential units, 449 hotel rooms, and 13.8 million square feet of buildings. David’s successful record is a testament to his diverse and balanced portfolio. David credits his rich portfolio to his earlier roles in as a managing partner and practicing attorney.

Meaningful, Mindful and Balanced

On a personal level, David is an advocate for creating a balanced, meaningful life. Despite his success, David upholds that a life filled with meaning and intent is far more enjoyable than a profitable one. To this end, he continues to support Project Happiness, a thriving non-profit started by his wife, Randy. Project Happiness is dedicated to providing the tools and resources needed for individuals to live an empowered, happier life.

David is proud to support the organization and serves on the board of directors. As a board member, David brings his unique experience and skill set to the table in an advisory capacity. His personal interest in the organization’s mission combined with his professional knowledge makes him an invaluable member of the board and his local community.

David’s continued passion for promoting greater happiness and meaning in everyday life continues to launch his career and leadership skills in exciting directions.

Connect with David

Recent Blog Posts from David:

Understanding REITs As A Real Estate Investment Strategy

Understanding REITs As A Real Estate Investment Strategy

Real estate is one of the most common investments among those who are seeking financial stability. But, the question of whether to invest directly in a single physical property or in Real Estate Investment Trusts (REITs) is always lingering. Because a lot of people aren’t familiar with REITs the same way they are with buying a house, they don’t consider the potential there. It makes enough sense – you want to feel like you are making a sound investment and understanding builds confidence. That aside, I think these three points on REITs may just help you build your confidence in the process as an investment strategy:

  • 90% Of Profits Distributed As Dividends
  • Government Investment Requirements
  • Risk Mitigation

90% Of Profits Distributed As Dividends

This is a mandate that attracts many because of the high dividend payout ratio. Not all individual stocks are required to distribute dividends and those that do can stop at any time. This is not the case for REITs which makes them a popular investment for those looking for reliable and sustainable passive investment income. While not all REITs pay off to the same degree, for the most part, they tend to be less risky considering you aren’t solely responsible for a property. This stable profit is often incorporated into a retirement strategy as some REITs pay out monthly dividends as opposed to the majority of stocks that only pay out quarterly dividends.

Government Investment Requirements

To be considered an REIT, the trust must follow a list of mandates set by the federal government in order to stay in compliance. This means that more than three-quarters of the trust must be invested in physical properties, other REITs, or a select group of safe government securities. This ensures that REITs are not making risky investments without informing shareholders. It also allows REITs to be looked at more uniformly than other investments.

Risk Mitigation

Minimizing the amount of risk in investing is a major key to financial success. REITs, if dealt with properly, help to assist in this area as mentioned above. Of course, having a variety of investment types in a portfolio is the single best mitigation tactic, but, when looking at a single investment type, REITs can stack up against the best. Investors that minimize overall risk are typically the most successful in the long term.

Buying a single property not only puts an investor at greater risk, but it also comes associated with far more physical labor and time spent making repairs and finding a lessee for the property. By utilizing REIT’s as part of a balanced investment strategy, you increase the probability of financial success.


Podcasts for a more Positive Outlook

Podcasts for a more Positive Outlook

Podcasts are having a bit of a moment lately. Walk anywhere for five minutes and you will see someone with earphones in. Are they listening to the latest Justin Timberlake album? Perhaps. But more likely, they are listening to their favorite podcast. With the ability to choose from such a wealth of information, why not choose positive, upbeat material that will set you up with a more positive outlook on life? The following four are well-received, positive podcasts to add to your playlist.

Ted Radio Hour Podcast

By 2018, you have most likely listened to a TED talk. Now, TED is podcasting. Each episode of this podcast is based on the theme inspired by talks from TED conclaves. These topics are wide-ranging, unexpected and most importantly, always thought-provoking. Every week host Guy Raz combines several lectures in an attempt to shed light on subjects such as the future of millennials, each individual’s search for happiness and how to cultivate greater creativity.

The Positive Head Podcast

According to Epic Life Vibes, when musician/entrepreneur Brandon Beachum turned 40, he looked back at the miles of bumpy road he had traveled  and decided to start over as if he were 20 again.  Now he has one of the most popular podcasts in the spirituality/conscious lifestyle niche. Each Wednesday, he interviews a different thought leader in spirituality, psychology, art, entrepreneurship, you name it.  The rest of the week he shares ideas and developments on a wide range of topics from the down to earth to the ethereal.

Happier with Gretchen Rubin

If you’ve read The Happiness Project, you are familiar with Gretchen Rubin. In this podcast, Gretchen and her sister, Elizabeth, offer practical, manageable advice about how to create and cultivate happiness and positive habits. Their advice is geared towards making small changes in order to eventually combat any larger issues such as clutter and procrastination.

The Simple Show with Tsh Oxenreider

Tsh is a big fan of simple living, but not just getting rid of stuff. She’s about living holistically with your life’s purpose. The Blissful Mind  writes that The Simple Show offers conversations on passion, projects, and living simply, and there are heaps of advice for adding a little more minimalism into your life. Though not the typical topics you might expect from a minimalist podcast, Tsh always asks her guests what it looks like to them to live simpler, whether it’s to do with food, travel, writing, parenting, or fashion.

In today’s stressful world, it is critical to expose yourself to positivity. Pop your earbuds in and go for a brisk walk while listening to one of these podcasts. Between the exercise and the positive podcast, you’ll have a more positive outlook in no time!